Flipspaces raises USD 50 mn from investors to expand business

New Delhi, Sep 8 (PTI) Interior design startup Flipspaces has raised USD 50 million (about Rs 439 crore) from investors to expand business in India and overseas.

In a statement on Monday, the company has raised USD 50 million in its expanded Series C funding round with fresh participation from UAE-headquartered CE-Invests, Singapore-based Panthera Growth Partners, and Japan's SMBC Asia Rising Fund.

"The capital will be deployed to scale the business in India, the US and the UAE, deepen supply chain integration and enhance the company's proprietary technology stack with AI-led interventions. Strategic acquisitions in adjacent categories are also on the roadmap," it added.

The round also facilitated the successful exit of early-stage investor Carpe Diem.

"The entry of new investors alongside the continued faith of current ones underscores Flipspaces' strong fundamentals and global growth potential. We are building not just a company, but a technology-first ecosystem that is reshaping the future of interior design and building globally," Kunal Sharma, Founder & CEO of Flipspaces, said.

With operations across India, the US, and the UAE, Flipspaces has delivered more than 1,000 projects covering over 8 million square feet. PTI MJH MJH SHW